Sat, 5 July
23.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

The agreement on exchange of information poses no threat to Armenia’s interest, deputy head of central bank says

YEREVAN, August 18. / ARKA /. A deputy governor of Armenian Central Bank downplayed today concerns that an agreement on exchange of information between member states of the Eurasian Economic Union (EEU) may damage Armenia’s national interests.

Speaking at a regular Cabinet session which approved the agreement on the exchange of financial information, including confidential information in order to create conditions for the financial markets to ensure the free movement of capital among EEU member states, Nerses Yeritsyan said after lengthy negotiations it was agreed that information regarding third parties can not be exchanged, if Armenia does not see the need for it.

“This ensures the preservation of bank secrecy, stipulated by Armenian legislation”, said Yeritsyan.
EEU consists of Armenia, Russia, Kazakhstan, Belarus and Kyrgyzstan. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US dollar exchange rate slightly down, those of euro and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on May 13, 2025, decreased by 0.78 points compared to May 12 and amounted to 388.08 drams.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img